Silver price today: Rates flat ahead of US Fed rate decision; Check 24K, 22K, 18K prices in your city

India’s December silver futures on Monday closed the session at Rs 1,81,625 per 1 kilogram of 999 purity, which is approximately a 0.97 percent dip from the previous close.

Spot silver prices held strong at $58.14 an ounce on December 9, as of 7:36 a.m (IST), amid tight supply ahead of the US Fed meeting on interest rate decision.

India’s December silver futures on Monday closed the session at Rs 1,81,625 per 1 kilogram of 999 purity, which is approximately a 0.97 percent dip from the previous close.

The Indian Bullion and Jewellers Association (IBJA) announced the price of yellow at Rs 1,78,210 for 1 kilogram of 999 purity in their 18:30 rate session on December 5.

Check out below to see the prices of 1 kilogram of 999 purity silver.

Silver rates across India’s major cities showed remarkable uniformity, with only marginal differences due to local taxes, jeweller margins, and logistics costs.

Silver is gaining traction, driven by robust global demand and renewed interest from investors seeking to diversify their portfolios. As markets brace for the US Fed rate decision, the white metal is likely to stay in focus, while volatility may remain high, but the underlying fundamentals for silver look supportive.

“Silver, riding strong investor demand and tightening supply, has outpaced gold this year, nearly doubling in 2025. The white metal recently touched record highs on both global and domestic markets, with prices on the domestic exchange crossing Rs 1.85 lakh per kilogram.

“Given its growing role in industry plus safe-haven and speculative demand, silver’s upside appears stronger than gold’s over the next few months. Silver may offer higher returns in the near-term, potentially outperforming gold if global demand and rate-cut expectations persist,” said Ross Maxwell, Global Strategy Lead at VT Markets.